Supplemental Financial Statement Information (Tables)

3 Months Ended

Mar. 31, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets as of December 31, 2019 and March 31, 2020 were as follows (in millions):



	As of
	December 31, 2019		March 31, 2020
Prepaid expenses	$	571	$	491
Other receivables	428		486
Other	300		265
Prepaid expenses and other current assets	$	1,299	$	1,242

Schedule of Accrued and Other Current Liabilities

Accrued and other current liabilities as of December 31, 2019 and March 31, 2020 were as follows (in millions):



	As of
	December 31, 2019		March 31, 2020
Accrued legal, regulatory and non-income taxes	$	1,539	$	1,680
Accrued Drivers and Restaurants liability	369		219
Accrued professional and contractor services	352		304
Accrued compensation and employee benefits	403		208
Accrued marketing expenses	114		86
Other accrued expenses	361		422
Unsecured convertible notes in connection with Careem acquisition ⁽¹⁾	—		891
Commitment to issue unsecured convertible notes in connection with Careem acquisition ⁽²⁾	—		463
Income and other tax liabilities	194		124
Government and airport fees payable	162		105
Short-term finance lease obligation for computer equipment	165		167
Accrued interest on long-term debt	93		110
Short-term deferred revenue	76		104
Other	222		255
Accrued and other current liabilities	$	4,050	$	5,138

⁽¹⁾ As of March 31, 2020, the Company's condensed consolidated balance sheet included initial unsecured convertible notes liability of $891 million in connection with the acquisition of Careem. On April 1, 2020, the initial unsecured convertible notes became payable and the Company paid $891 million to settle this liability. Refer to Note 16 – Business Combination and Note 18 – Subsequent Events, respectively for further information.

⁽²⁾ As of March 31, 2020, the Company's condensed consolidated balance sheet included a short-term commitment to issue unsecured convertible notes of $463 million in connection with the acquisition of Careem. Refer to Note 16 – Business Combination for further information.

Other Long-Term Liabilities

Other long-term liabilities as of December 31, 2019 and March 31, 2020 were as follows (in millions):



	As of
	December 31, 2019		March 31, 2020
Deferred tax liabilities	$	1,027	$	793
Commitment to issue unsecured convertible notes in connection with Careem acquisition ⁽¹⁾	—		298
Financing obligation	78		78
Income tax liabilities	70		80
Other	237		249
Other long-term liabilities	$	1,412	$	1,498

⁽¹⁾ As of March 31, 2020, the Company's condensed consolidated balance sheet included a long-term commitment to issue unsecured convertible notes of $298 million in connection with the acquisition of Careem. Refer to Note 16 – Business Combination for further information.

Schedule of Accumulated Other Comprehensive Income (Loss)

The changes in composition of accumulated other comprehensive loss, net of tax, for the three months ended March 31, 2019 and 2020 were as follows (in millions):



	Foreign Currency Translation Adjustments			Unrealized Gains (Losses) on Available-for-Sale Securities, Net of Tax			Total
Balance as of December 31, 2018	$	(228	)	$	40		$	(188	)
Other comprehensive loss before reclassifications	(54		)	(4		)	(58		)
Amounts reclassified from accumulated other comprehensive loss	—			—			—
Other comprehensive loss	(54		)	(4		)	(58		)
Balance as of March 31, 2019	$	(282	)	$	36		$	(246	)



	Foreign Currency Translation Adjustments			Unrealized Gains (Losses) on Available-for-Sale Securities, Net of Tax			Total
Balance as of December 31, 2019	$	(231	)	$	44		$	(187	)
Other comprehensive loss before reclassifications ⁽¹⁾	(148		)	(60		)	(208		)
Amounts reclassified from accumulated other comprehensive loss	—			—			—
Other comprehensive loss	(148		)	(60		)	(208		)
Balance as of March 31, 2020	$	(379	)	$	(16	)	$	(395	)

⁽¹⁾ During the three months ended March 31, 2020, other comprehensive loss before reclassifications includes an unrealized loss of $57 million relating to the Company's investment in Grab for which a credit loss was recorded. Refer to Note 3 – Investments and Fair Value Measurement for further information.

Other Income (Expense), Net

The components of other income (expense), net, for the three months ended March 31, 2019 and 2020 were as follows (in millions):



	Three Months Ended March 31,
	2019			2020
Interest income	$	44		$	38
Foreign currency exchange gains (losses), net	(1		)	(28		)
Gain on business divestiture ⁽¹⁾	—			154
Unrealized gain (loss) on debt and equity securities, net ⁽²⁾	16			(114		)
Impairment of debt and equity securities ⁽³⁾	—			(1,863		)
Change in fair value of embedded derivatives	175			—
Other	26			18
Other income (expense), net	$	260		$	(1,795	)

⁽¹⁾During the three months ended March 31, 2020, gain on business divestiture represents a $154 million gain on the sale of the Company's Uber Eats India operations to Zomato Media Private Limited (“Zomato”). Refer to Note 17 – Divestitures for further information.

⁽²⁾During the three months ended March 31, 2019 and 2020, the Company recorded changes to the fair value of investments in securities accounted for under the fair value option.

⁽³⁾During the three months ended March 31, 2020, the Company recorded an impairment charge of $1.9 billion, primarily related to its investment in Didi and an allowance for credit loss recorded on its investment in Grab. Refer to Note 3 – Investments and Fair Value Measurement for further information.